473 Main StBranford, CT 06405

This exceptional 3-acre property in Branford, Connecticut, presents a unique redevelopment opportunity with significant upside potential. Located at 473 Main St, 06405, this mixed-use portfolio comprises five parcels encompassing existing commercial and residential buildings, generating a current NOI of $115,000 with 100% occupancy and a 3.83% cap rate. The asking price is $3,000,000. The existing structures include an office building, a restaurant/bar, a single-family home, and garages, providing immediate rental income while redevelopment plans are formulated. The property benefits from a prime location in the thriving downtown Branford area, offering convenient access to the train station, I-95, shopping, restaurants, and the beach. Its proximity to major retail brands like Walmart, Starbucks, a new Aldi's, and a Chase Bank, along with a proposed Amazon warehouse nearby, further enhances its desirability. The permitted zoning allows for both residential and commercial development, maximizing flexibility for future projects. This is a rare chance to acquire a substantial mixed-use property in a high-growth area, offering both immediate income and long-term development prospects. The property is zoned for both residential and commercial use.